Launch or grow your side hustle

Kathryn Williams is the founder of Miller Box Co., which offers customizable gift boxes stocked with Canadian-made products that can be shipped anywhere in the country.

She dreamed of launching the business but didn’t want to give up her full-time job in events management, and found that Futurpreneur’s Side Hustle program offered the right mentorship and funding opportunities to help get Miller Box off the ground.

“I needed something to sort of push me to get started,” she says. “Having a loan was key so that I could really get the inventory that I needed, get the supplies and really feel confident in what I was selling.”

Whether you’re an established side-hustler or are looking to launch a new side business, Futurpreneur can help you reach your goals.

Grow your side business as much or as little as you want with the Futurpreneur Side Hustle program, sponsored by TD Bank Group. The program offers collateral-free loans of up to $15,000, as well as support and guidance from our network of more than 3,000 volunteer mentors.

Sign up to connect with a Futurpreneur business development manager and learn how Futurpreneur can support you on your entrepreneurship journey.

WE OFFER:

Financing

  • Apply for up to $15,000 in loan financing to launch or to help grow your business as much or as little as you like.

Mentoring

  • Get matched with an experienced mentor to help you build confidence and tackle your toughest challenges for up to two years.

Resources

  • Learn key skills like business planning, marketing and cash flow management through our online and in-person business resources.

  • Demonstrate sustainable full-time income outside of side business.
  • Agree to work with a mentor for up to two years (4 to 5 hours a month).
  • Complete and provide all required documentation by the end of the application process.
  • Assure there is no intention of converting side business to full-time operations within the next 12 months. If you plan on turning your existing side business full-time, you might be eligible for our Start-up Program.
  • Agree to provide authorization for Futurpreneur Canada to carry out a credit check.
  • Assure that the business is NOT in the research and development stage.
  • Assure that financing proceeds may not be used for refinancing existing debt.
  • A side business must fall within specified industry guidelines in order to be approved for financing. Examples of businesses which do not meet Futurpreneur industry guidelines include: businesses that are sexually exploitive or that feature sexually explicit entertainment, products or services; businesses that are engaged in or associated with illegal activities; businesses trading in countries that are proscribed by the Canadian federal government; and any other commercial activities inappropriate for government funding. For more details on Futurpreneur industry eligibility, click here.
  • Demonstrate that you have been discharged from bankruptcy for at least five years or one year after receipt of a Certificate of Full Performance in the case of a Consumer Proposal.
  • Any age eligible entrepreneur (18-39 years old) who owns 5% or less of the business does not need to be party to Futurpreneur Canada and BDC application.

For additional eligibility criteria for partnerships, incorporations, and business take-overs please click here.

For information on businesses not eligible for Futurpreneur Canada financing please click here.

Approval for financing is also dependent on an applicant successfully meeting credit score minimums determined by Futurpreneur.

Futurpreneur Canada is a non-profit organization supporting Canadians aged 18-39 to become business owners with loan financing, mentoring and business resources. Our experts are here to answer your questions and put you on the path to success.